Gold and Precious Metals

Citigroup Inc. Buys Shares of 41,760 Triple Flag Precious Metals Corp. (NYSE:TFPM)


Citigroup Inc. bought a new stake in Triple Flag Precious Metals Corp. (NYSE:TFPMFree Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 41,760 shares of the company’s stock, valued at approximately $549,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TFPM. Qube Research & Technologies Ltd purchased a new position in Triple Flag Precious Metals in the third quarter valued at about $33,000. JPMorgan Chase & Co. bought a new stake in shares of Triple Flag Precious Metals during the 4th quarter worth about $48,000. Deutsche Bank AG bought a new stake in shares of Triple Flag Precious Metals during the 1st quarter worth about $63,000. Royal Bank of Canada bought a new stake in shares of Triple Flag Precious Metals during the 3rd quarter worth about $69,000. Finally, Tocqueville Asset Management L.P. bought a new stake in shares of Triple Flag Precious Metals during the 3rd quarter worth about $134,000. Hedge funds and other institutional investors own 80.91% of the company’s stock.

Triple Flag Precious Metals Price Performance

NYSE TFPM opened at $13.56 on Friday. Triple Flag Precious Metals Corp. has a twelve month low of $11.75 and a twelve month high of $17.33. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.21 and a current ratio of 3.29. The stock has a market capitalization of $2.73 billion, a PE ratio of 71.37, a P/E/G ratio of 2.63 and a beta of -0.05. The stock has a 50-day simple moving average of $12.81 and a 200 day simple moving average of $12.97.

Triple Flag Precious Metals (NYSE:TFPMGet Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. The business had revenue of $51.74 million during the quarter. Triple Flag Precious Metals had a return on equity of 3.64% and a net margin of 17.78%. Research analysts anticipate that Triple Flag Precious Metals Corp. will post 0.4 EPS for the current year.

Triple Flag Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were issued a $0.052 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.21 dividend on an annualized basis and a dividend yield of 1.53%. Triple Flag Precious Metals’s payout ratio is presently 110.53%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on TFPM shares. Bank of America upped their price target on Triple Flag Precious Metals from $16.25 to $16.50 and gave the stock a “buy” rating in a research note on Monday, March 18th. Jefferies Financial Group started coverage on Triple Flag Precious Metals in a research note on Thursday, February 29th. They set a “buy” rating and a $14.00 price target for the company. Finally, TheStreet upgraded Triple Flag Precious Metals from a “d+” rating to a “c-” rating in a research note on Wednesday, December 27th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Triple Flag Precious Metals currently has a consensus rating of “Buy” and an average price target of $21.67.

Check Out Our Latest Analysis on TFPM

About Triple Flag Precious Metals

(Free Report)

Triple Flag Precious Metals Corp., a precious-metals-focused streaming and royalty company, engages in acquiring and managing precious metals, streams, royalties and other mineral interests in Australia, Canada, Colombia, Cote d’Ivoire, Honduras, Mexico, Mongolia, Peru, South Africa, the United States, and internationally.

Read More

Want to see what other hedge funds are holding TFPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Triple Flag Precious Metals Corp. (NYSE:TFPMFree Report).

Institutional Ownership by Quarter for Triple Flag Precious Metals (NYSE:TFPM)



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